Jagran Prakashan Ltd received a show cause notice on August 26, 2026, from the Excise and Taxation Officer in Hisar, Haryana. The notice alleges a Goods and Services Tax demand of ₹21,73,727 along with interest and penalty for the period 2020 to 2021.

The company stated it will file an appropriate response within prescribed timelines or evaluate other legal options against the said notice.

Details of the Notice

The show cause notice was issued under Section 74 of the Central Goods and Services Tax Act, 2017. It requires the company to explain why the alleged GST demand, along with interest under Section 50 and penalty under Section 74 of the Act, should not be demanded.

The primary allegation concerns the entitlement to Input Tax Credit availed by the company during the specified period.

Company Response

Jagran Prakashan believes the show cause notice is not tenable based on legal advice. The company asserts it has a strong case on merit.

Accordingly, the firm stated there is no impact on its financials, operations, or other activities pursuant to the receipt of the notice.

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Jagran Prakashan submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to the Bombay Stock Exchange and the National Stock Exchange on August 21, 2026. The filing, signed by Chief Financial Officer Amit Jaiswal, discloses operational metrics, environmental initiatives, and governance structures in compliance with SEBI regulations.

Operational and Financial Overview

The report covers standalone operations for the financial year ended March 31, 2026. Jagran Prakashan reported a turnover of ₹1,64,723.56 lakh and a net worth of ₹1,81,081.41 lakh. Advertisement revenue remains the primary revenue driver, contributing 64.99% of total turnover, followed by newspaper and magazine sales at 19.37%. Outdoor advertising accounts for 9.56%, while event management contributes 4.13%.

The company operates 32 printing facilities and 10 key business offices across India. Its digital division serves a global audience, though export contribution stands at 1.29% of total turnover.

Environmental Initiatives

Jagran Prakashan allocated 4.47% of its total capital expenditure to sustainability initiatives in FY26, down from 5.90% in the previous year. Key investments included solar panel installations and electric vehicle procurement. Total energy consumption rose slightly to 85,504.5 GJ from 84,952.8 GJ in FY25. However, energy intensity per rupee of turnover improved to 51.9 GJ/INR Crore from 53.66 GJ/INR Crore.

Water management efforts include the adoption of 'Vio Green Plate Technology' for waterless printing and the installation of Effluent Treatment Plants (ETPs) at all printing presses. Total water withdrawal from groundwater sources was 20,931 kilolitres, marginally higher than 20,010 kilolitres in FY25. The company reports zero liquid discharge at its printing locations.

Greenhouse gas emissions data shows Scope 1 emissions at 744.7 metric tonnes of CO2 equivalent and Scope 2 emissions at 14,315.6 metric tonnes. Combined emission intensity per rupee of turnover decreased to 9.1 MT/INR Crore from 9.8 MT/INR Crore.

Employee Welfare and Governance

As of March 31, 2026, the company employed 6,285 employees and 750 workers. Female representation among permanent employees stands at 5.05%, while workers are predominantly male at 99.87%. The turnover rate for permanent employees was 12.6% in FY26, compared to 12.0% in FY25.

Health insurance coverage for permanent employees was 7.3%, with accident insurance covering 28.9%. All permanent employees received paternity benefits, and all female permanent employees received maternity benefits. The company reported one POSH complaint during the year, which was duly resolved.

What the Numbers Show

Advertisement revenue dominates the revenue mix at nearly two-thirds of total turnover, highlighting the company's reliance on media spending cycles. While absolute energy consumption increased slightly year-on-year, the improvement in energy intensity per rupee of turnover suggests that revenue growth outpaced energy usage growth, indicating improved operational efficiency despite higher overall consumption.